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Here are some key levels related to the US30 index:
Resistance Levels:
Immediate Resistance: 33,600-33,700
Medium-term Resistance: 34,000-34,200
Long-term Resistance: 34,500-35,000
Support Levels:
Immediate Support: 33,200-33,300
Medium-term Support: 32,800-32,900
Long-term Support: 32,400-32,500
US30 trade ideas
US30 Support and Resistance level Resistance Levels: 34,500, 35,000, 35,500
Support Levels: 32,500, 32,000, 31,500
Trend Lines: The US30 has been trending upwards since the March 2020 crash, with a long-term trend line around 24,000
Fibonacci Levels: 23.6% retracement of the 2020-2022 rally is around 32,200, while the 38.2% level is around 33,700
Pivot Points: Daily pivot points: S1-32,650, R1-33,900, R2-35,150
Volatility Indicators: The US30 has been relatively volatile in recent months, with a standard deviation of around 300-400 points per day
The current level of the Dow Jones Industrial The current level of the Dow Jones Industrial
Average (DJI) is: 30,606.48
Please note that stock market indices are highly
volatile and can fluctuate rapidly. This level may
have changed by the time you read this. If you'd
like to know the current level, I can update it for
you.
DJI Technical Analysis: Support and Resistance
Levels
Short-term (4-hour) Analysis:
US30 View!!“While inverting the curve sends a warning ~2y in advance of bad times, disinversion has been a more urgent signal, suggesting trouble is only a few months away,” JPMorgan analysts Thomas Salopek and Maggie Zhong said in a recent report.
However, “many are inclined to ignore this signal on the assumption that it’s different this time, as we will be cutting rates due to disinflation.”
US 30 Price Behaviour Analysis - Dow Jones is currently trading at 40,2584
- DOW showed us a major sell-off as well where all its major constituents getting slaughtered
- Dow still has a better price action when compared to SPX & NAS
- Dow is also waiting for the CPI print to be laid out and then only we will see a possible bounce back
US30 View!!Strong new order growth propelled India's service sector into the expansion zone for the 37th-straight month, S&P Global reported on Wednesday.
The seasonally adjusted India services purchasing managers index (PMI) posted at 60.9 in August, up from 60.3 in July and rising further above the 50-marker that separates growth from expansion, reported S&P Global, citing its monthly survey.
The service-sector expansion in August "was largely fueled by an increase in new orders, particularly domestic orders," reported S&P Global.
Survey results indicated "Finance and insurance as the best-performing area of India's service economy regarding both output and new business," added S&P Global
US30 View!!
* Powell said at the Jackson Hole symposium Friday that "the time has come for policy to adjust," noting that the data will determine the timing and pace of rate cuts and suggesting that the balance of risks shifted.
* "Overall, the economy continues to grow at a solid pace," Powell added. "But the inflation and labor market data show an evolving situation. The upside risks to inflation have diminished. And the downside risks to employment have increased."
Strategic Buy Opportunity in the DJI
Description:
Explore a well-rounded approach to capitalizing on buy opportunities in the Dow Jones Industrial Average (DJI) on TradingView. This guide provides essential fundamental insights to help you navigate the complexities of trading this major index with confidence.
Fundamentals Overview:
1. **Economic Indicators**: Monitor key U.S. economic metrics such as GDP growth, unemployment rates, and inflation figures. These indicators influence corporate earnings and investor sentiment, driving movements in the DJI.
2. **Corporate Earnings**: Pay attention to earnings reports from major corporations within the DJI. Strong earnings can boost investor confidence and lead to higher index values, while disappointing results can have the opposite effect.
3. **Federal Reserve Policies**: The Fed's stance on interest rates and monetary policy plays a critical role in shaping the performance of the DJI. Lower interest rates generally support stock market growth, while rate hikes can slow down economic expansion.
4. **Geopolitical Events**: Keep an eye on global political and economic developments that may impact market stability. Trade tensions, fiscal policies, and global economic health are crucial factors that can sway the DJI.
Disclaimer:
Trading indices like the Dow Jones Industrial Average (DJI) involves significant risk and may not be suitable for all investors. The highly volatile nature of the stock market can lead to substantial losses. It is important to thoroughly understand the risks involved, consider your investment objectives, and assess your financial situation before engaging in index trading. Past performance is not indicative of future results. Consult with a qualified financial advisor if you are uncertain about your investment strategy.
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Leverage this comprehensive guide to refine your trading strategy on the DJI, ensuring that your decisions are well-informed and grounded in strong fundamental analysis. Stay updated with real-time market insights and be prepared to act on buy opportunities in this influential index.
DJI completes a complex correction to start a rallyIt is rare to see a new rally start, especially as we head into election season, which is often lame. But a complex correction marked as w-x-y-x-z is already complete on the DJI, making it ready to move. The up move that has started is probably wave 5 of the structure and should eventually carry the DJI to new all-time highs.
DOW JONES: Fall sharply fom 41181ANALYSIS ON YEARLY PIVOTS OF 2024 :
On 17 July DOW tested 41181 YH4 for the first time in the year after breaking 39835 YR1 upside. After taking support from 39835 on it's pullbck it again test 41181 upside on July 31.
Post that, a sharp selling was seen from 41181 failing to hold the key support range 39436 YH3 and 39835 YR1.
After breaking down 39436 with a gap down ,yesterday it came to retest 39436 and selling was seen from 39436 in the last trading hour.
Now expecting downside 38058 YFR1
Key Pivots Moving averages:
Gone below 3 Months SMA 90 Days 39163
Holding above 6 Months SMA 180 Days 38477
Far above Yearly SMA 365 Days 36113 which is in confluence with Yearly pivot support of YPP 35632 and YL3 35943
DOW JONES INDEX MONTHLY GANN ANALYSIS 06 AUGUST 2024Dow Jones Index hits a all time high around 41400 the death zone in Gann Theory. Now we near Momentum level of 38400. Its has support till 37800. If either of the levels are held we can see recoevry soon. If broken then we may move towards the 36000 which acts the centre of gravity. we saw a rise of nearly 9000 points on the index. Currently we have corrected nearly one third of the recent rise. The rise was seen for 9 months at a rate of 1000 points per month. Also single month we saw a fall of 3000 points on it. Earlier rise was 18000 points from covid lows and correction thereafter was 8000 points. We need to watch the price action near the cluster supports of 38400 and 37800.
Happy Trading !!!
WARNING OF A SUPER CRISIS IN THE US STOCK MARKETDJ:DJI
WARNING OF A SUPER CRISIS IN THE US STOCK MARKET
As you can see, the world stock market is adjusting globally. This makes everyone think of a crisis or recession, but no one can predict how strong the upcoming crash will be!
Including trillions of dollars borrowed from economies, creating an "empty pyramid"
Next is the bubble of technology stocks, AI, virtual reality, these are all great stories but they are from 10 years away. But the value of the companies is being inflated 20-30 years later.
And finally, the cryptocurrency market, which is not as valuable as it is being valued, especially Bitcoin, BTC will fall below $20,000.
Looking at the technical chart, we see that DJ is having a very strong divergence on the monthly time frame, and this is a triple top divergence. If we really escape this time, the next time will be a big bang, maybe no one has seen it since the 1929 recession.
Keep a cool head and act cautiously, you can become very rich or very poor
DJI TRG 39600DJI Trgs on chart. Expect price to fall to 40100 & below that to 39600.
Levels & Angles plotted serve as Support & Resistance. Look at candle formation arnd these levels.
Probable Trend change date 29th July. Mark H/L of this date for further direction.
Weak below 40595 ( DCB)
Look for updates.
US30- Reversal on cardsWe can see Multiple Resistance points like Channel higher end, Gan fan resistance & previous price rejection. Reversal is anticipated around this Zone, price may form divergence by breaking previous high. Sell on Rise is suggested with proper Risk management & position sizing. Just a view not a Reco...